Trade Bank Of Iraq: TBI ready to guarantee the financing of infrastructure projects: Dry 3/4/2014 Dry: «TBI» ready to guarantee the financing of...
Dry: «TBI» ready to guarantee the financing of infrastructure projects
In front of the largest investment companies
BAGHDAD – revealed Director General of the Trade Bank of Iraq TBI Hamdiya dry the readiness of the bank to ensure funding for the implementation of infrastructure projects in Iraq.
dry based on seeing this on the basis that the bank is the largest in Iraq in terms of its potential physical and technical co-finance strategic projects, to the effect, it is ready to participate in syndicated loans with international banks and take responsibility for the support and security for the financing of these projects.
This announcement by Hamdiya dry in front of a gathering of senior corporate finance and global business conference in Dubai financial and investment organized by the CBI recently in coordination with the National Investment Commission, It was for this word resonate with the participants in the conference. hinted dry that the need for investment is not just for Iraq, despite its importance for us but for international companies that have grown their capital and told her chances of investment due to financial crises tandem that hit the whole world.
said: It is true that these companies have the technological capabilities sophisticated but they are threatened to derail a result of the events and the economic and political changes in the world, and pointed out the existence of the elements of investing here in Iraq being on the verge of a renaissance in construction and civilized and wide, including residential, industrial, agricultural and service with offers great opportunities in this regard.
urged international companies to invest to enter Iraq after the great improvement the conditions of the country so as to achieve the common goal between Iraq’s need for projects and the need for companies to benefit from these opportunities and the sharing of common resources.
voiced dry hoped the establishment of international banks initiative in financing strategic projects in Iraq, noting that the TBI bank independent government and guarantees for global companies are government guarantees and obligations as well.
reiterated readiness bank to participate as a guarantor for the financing of infrastructure projects. indicated at the end of her speech that the global outlook refers to the achievement of Iraq to growth rates prominent in the economy and the rate of 9 percent, driven by a high rate of oil production with what Matrouh of energy projects, electricity and housing investment which is attractive opportunities The task.
source
Source: http://nesaranews.blogspot.com/2014/03/trade-bank-of-iraq-tbi-ready-to.html
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